or Note: All feedback is greatly appreciated. Contact Information Phone: (503) 831-1111 Fax: (887) 718-2693 EMAIL: Support@TRAKCentral.com Web Site: www.TRAKCentral.com May 10th, 2007 Enhancements Quick Gap - Moved DC payout input to the left hand column [ID 237] - Moved number of paychecks per year to left hand column [ID 238] Gap Analysis - Added add and delete buttons to employment tiers grid. [ID 258] - Custom Retirement Distributions: Can name them and add rate of increase [ID 265] Gap Analysis and Quick Gap - Average Values can now be shown as a pie chart [ID 254] - "Savings Analysis" renamed to "Savings Solutions" [ID 255] - "Cost to Wait" option show in the "Savings Solutions" tab. [ID 256] - New "Savings Solutions" report [ID 257] Batch Paycheck - Improved reports [ID 249] - Added tax savings line [ID 250] - Added cost to wait calculations to report [ID 251] - More ability to control how reports look [ID 252] Paycheck - Added Employer matching line [ID 263] to calculations and tax savings line [ID 264] Paycheck Projection Cost to Wait - Report adds verbage for current contribution [ID 240] MAC - Show 402(g) limit shows 'N/A' if the client is not eligible [ID 60] Interest Calculator - Chart lines may be area series (right click over grid). [ID 221] Printing - Printing to file has default directory under "My Documents". Can be configured in Setup/System/Printing. [ID 260] - Printing to file no longer shows setup dialog by default. (Check box at bottom of print screen to enable it). ID 235] - Water marks and headers may be configured in TRAK Deluxe. See Setup/System/Printing [ID 261] Overall - Added ability to edit groups [Deluxe Version only, ID 253] - Ability to import data from another TRAK database (Deluxe Only). [ID 259] - Ability to configure default values extended [ID 262] Fixes - If Employer Raise Check No was zero, raises did not occur in Paycheck Projections. Fixed. (Can not be zero). [ID 258] - MAC did not correctly show current year contribution. [ID 295] - Gap Analysis: FERS/CSRS spouse percent should be of primary option value [ID 300] - TRAK Quick Gap and Gap Analysis: Fixed California STRS PLS value being reset. [ID 294] - Debt Minimizer: If working with paychecks paid other then monthly, an exception may occur when viewing the graphical comparison of total debt. Fixed. [ID 301] April 27th, 2007 Fixes - DC Retirement Plans: RMD calculations may result in an incorrect account value. [ID 293] April 5th Fixes - Federal calculation pages were available in the Pension Analysis screen. [ID 282] - Changing data in the "Other Accounts" did not always update the calculations. Fixed. [ID 283] March 30th, 2007 Features - In Quick Gap, all of the calculations screens are now on by default. [ID 226] - When loading clients, they may now be filtered by employer. [ID 227] - Gap Analysis: Federal TSP plan now allows for distribution start method. [ID 196] - Client/Spouse's DOB can now be as early as 1/1/1920. - Paycheck Projections: Ability to itemized rollover accounts [ID 228] and in the payout chart, show the percent of retirement income that the payout represents. [ID 229] Fixes - Editing the client/spouse DOB in the Paycheck calculator may not save DOB. Fixed. [ID 278] - Height of Paycheck calculators input panel may be wrong. Fixed. [ID 279] - In TRAK, with Gap Analysis the Quick Setup access buttons did not work. Fixed. [ID 280] - Printing in the Pension Analysis screen may list all reports even though it should not. Fixed. [ID 281] - Quick Gap and Gap Analysis: Calculations would not appear before data. Fixed [ID 273] - Quick Gap and Gap Analysis: With identical DOB and retire ages, client and spouse may have a 1/100 difference in retirement age. Fixed. [ID 274] March 23rd, 2007 Fixes - FEGLI report still showing in report. Fixed. [ID 266] March 20th, 2007 Fixes - AV may occur in TRAK both Gap Analysis/or Quick Gap is opened and the other calculator is opened. Fixed [ID 270] March 9th, 2007 Fixes - Batch Paycheck calculator did not take current balance into consideration. Fixed [ID 257] March 5th, 2007 Pension Plans Delaware State Retirement System option tables fixed. Features - TRAK is now divided into four version: TRAK-Gap Analysis, TRAK-403(b)/457, TRAK-401(k) and TRAK-Deluxe. - Better error message when an exception occurs in backing up or restoring data. [ID 205] - Loading client by Employer or SSN moved to standard load dialog. [ID 203] - Items in 'Tools' menu with '2006' are automatically removed. - Prior year (e.g. 2006 in year 2006) icons are removed from desktop when installing new version. (May not be apparent until pressing F5 on the desktop or restarting computer) [ID 210] - Help File significantly improved - Paycheck now includes entry for client's DOB, allowing for a more accurate Quick Max calculation. [ID 212] - Paycheck graph now includes stacked bar (default). [ID 211] - Batch Paycheck report displays "Quick Max", rather then "Quick MAC". [ID 213] Fixes - Custom fields did not show up in the Database program. Fixed. [ID 247] - "Percent Payout" was not include when printing the Retirement Investments reports. [ID: 243] - Changing view types (i.e. grid view or card view) in the Other Accounts editor may delete the active account. Fixed. [ID 248] - Full text of prompt in Setup/System/Batch Paycheck was not shown. Fixed. - MAC 457 double up limit did limit contributions to historic unused contributions. Fixed. [ID 251] - Caption for Quick Gap Retirement Years chart was wrong after viewing a single year. Fixed. [ID 249] - Quick Gap and Gap Analsis chart did not show the spouses's Social Security income in the chart if the spouse did not have a retirement account. Fixed. [ID 254] February 19th, 2007 Taxes California withholding taxes updated. Features - Logging detail data is now off by default. (Configured in Setup/System/System). [ID 204] - Loading client's by Employer and Social Security number can not be done in the standard Load Client menu. Other items have been removed. [ID 203] Fixes - Gap Analysis: FERS TSP accounts did not include the 1% the employer contributes (did include the 100% of 3% and 50% of the next 2). Fixed. [ID 244] - Quick Gap and Gap Analysis: Percent Payout did not display in the reports. Fixed. - Quick Gap: Editing employee tiered YOS did not updated the calculations immediately. Fixed. [242] February 15th, 2007 Features - Stretch IRA chart now shows an RMD chart below. It may be configured by right clicking over it. [ID 200] - Backup and Restore to the Internet was removed some time ago due to server hacking. It has been reworked. [ID 199] - "Live Tech Support" feature for requesting support to login to system to help with problems. [ID 201] - Clarified prompts in the Paycheck Projections report. Fixes - Custom Pension Plans table missing a primary index and may result in a possible misaligned custom pension plan. Fixed. [ID 234] - Changing visible fields in the Employer File Editor did not enable the Save button. Fixed. [ID 239] - Gap Analysis calculator did not calculate inflation on Social Security. Fixed. [ID: 228] - Gap Analysis calculator: FERS/CSRS penalty calculation fixed. [ID: 230] - FEGLI calculations showed increase in insurance immediately after retirement when reduction was selected. Fixed. [ID: 227] - Quick Gap and Gap Calculator: Total in the retirement investments was not displayed. Fixed [ID 231] - Quick Gap and Gap Calculator: Changing a DB FAS method did not change the FAS. Fixed. [ID 226] - Quick Gap and Gap Calculator: In the "Retirement Years" chart, when viewing a single year the side fund balance would not display. Fixed. [ID 236] - Quick Gap and Gap Calculator: When a known income started before retirement but was not used for retirement, there may be one extra payment at the beginning of the period that should not have been taken into account. Fixed. [ID 235] - Quick Gap and Gap Calculator: Show Income Need Line check box in the "Retirement Years" view may be disabled when it should not be. Fixed. [ID 233] - Quick Gap and Gap Analysis' RMD calculations may cause calculation problems. Fixed. [ID 240] - In the Paycheck Projection, when adding a lump sum distribution and using the mouse the focused record would not update the calculation. Fixed. [ID 237] - In the Paycheck Projection, the Cost to Wait report was not available in detail mode. Fixed. [ID 238] - In the Paycheck Projection, the 'Total Contribtuions' value was for all retirement years, not until retirement. Fixed. [ID 241] January 30th, 2007 Retirement Plans - Wisconsin retirement plans now show all 7 options. Features - Batch Paycheck calculator allows for custom disclaimer at end of the report. [Feature ID: 20] - The state of the Paycheck Projections accumulation and distribution chart (show as one chart) is remembered. [Feature ID: 189] Fixes - Restoring database may have had problem. Fixed. [ID: 216] - Changing the state for all employer files in System/Setup/Employer did not update the screen if the Paycheck Calculator was opened. Fixed. [ID: 212] - In the Paycheck 1040 calculator, when using employers with no state tax, text would overwrite. Fixed. [ID: 225] - In the Paycheck Projections calculator, the chart showing the accumulation may not show the value for the retirement age. Fixed. [ID: 222] - Quick Gap and Gap Analysis: COLA for FERS was being calculated before age 62. Fixed. [ID: 223] - Agent information entered in the initial registration screen is now remembered. [ID: 224 - Participants in Florida DROP got wrong values. Fixed. - In Quick Gap, when adding calculation pages in Setup/System/Gap Analysis/Calculator when the calculator was opened caused an AV. Fixed. [ID: 219] - Restoring data from a backup may raise exception. Fixed. [ID: 218] - Gap Analysis: Spouse with a Federal plan may cause an exception. Fixed. [ID: 217] January 22nd, 2007 Improvements - Help file now links some of the calculators, i.e. pressing 'F1' in a calculator brings up the calculators help. More improvements are in the works. Fixes - When working in the Quick Gap calculator with a client and spouse both with DC plans, the values on the 'Overview' screen may not display correctly. Fixed. [ID: 208] - Quick Gap's 'Spouse's DOB' prompt for the 'Spouse' tab should not have displayed. Fixed. [ID: 209] - Savings accounts did not always associate with the person that they were assigned to. Fixed. [ID: 210] - An AV may occur when clicking on a menu item when the Paycheck calculator was opened. Fixed. [ID: 211] January 19th, 2007 Taxes - Washington DC withholding taxes have been updated. Fixes - Paycheck: 'Maximum' column change to 'Quick Max' to reflect it does not include mature saver or catch up. (ID: 200) - Paycheck: Solve It: Did not work with paychecks as a percent correctly. Fixed. (ID: 201); - Fixes spelling mistake in Pension Max report. (ID: 202). - Under certain criteria, after registering the software on opening, the program would close. Fixed. (ID: 203). - Names for custom retirement plan names did not show up correctly in the calculation screens of the Gap or Quick Gap Calculator. Fixed. (ID 205) - Debt Calcualtor showed 'N/A' in the Outstanding Debts grid if the payments were too low for the interest rate. Changed to 'Payments too low.' (ID 204) - Paycheck calculator allowed 'custom plans' to be selected in the pop-up menu. Fixed. (Must be configured in the Employer File Editor). - Type type of a Custom Pension Plan did not show up correctly in the paycheck calculator. January 17th, 2007 Fixes - Paychecks that had annualized income over a million dollars did not calculate federal and some state taxes correctly. Fixed. - Ability to load clients when Most-Recently-Used list was active did not work. Turned off until fix from vendor. - 'Debug' tab showing up in Debt Minimizer. Fixed. - Debt Minimizer allowed going to the calc screen if the qualified plan had neither an account balance or deposits. Fixed. - Debt Minimizer account labels should update when the account type changes in setup. Fixed. - System date out of reasonable range (e.g. 1/1/1980) caused an exception in the paycheck calculator. Replaced by a message on start up and program closes. - If the Paycheck's State Year selector is dropped down and the 'X' is clicked to close the window, an AV occurs. Fixed. - Quick Gaps Retirement Years Grid report had columns overlapping. Fixed. - AV occurs when printing the Asset Allocation Portfolio report if the page is not active (i.e. the Questionnaire has not been completed). Fixed. - Quick Gaps label overlapped in the Average Values report. Fixed. - Paychecks that have more paychecks then qualified plan contributions (e.g. 26 pay with 20 TSA deposits) did not calculate the maximum contribution correctly. Fixed. - Several small screen layouts adjusted. - The new California STRS (with the new option list) plan was not associated with California. Fixed. - Printig the Retirement Years grid not defaults to landscape. - More then one copy of TRAK could be running (or TRAK and TRAK-Gap Analysis). This caused an exception. Fixed. - Quick Gap's General Values report showed a value for a header and with long retirement plan names and working with a spouse, the retirement name may overlap the average value. Fixed. 2007 Enhancements Paycheck - The calculator now automatically calculates the estimated maximum allowable contribution to the retirement plan — while still allowing the option of viewing the two proposed paychecks. - Entering a value for the Change in Pay prompt changes the take home pay by that value from the current pay Paycheck 1040 - The 1040 Whole Year and Partial Year calculations bring forward the change in take home pay from the active illustration in the paycheck calculator. In other words, if the active illustration in the paycheck calculator had a reduction of pay of $100 when the Paycheck 1040 button is pressed, the Whole Year and Partial Year calculations have the same $100 initial reduction. Importing Data - Importing census data is now easier then ever. Significant improvements have been made in the interface and design to make the process easier. Debt Minimizer--new calculator - The Debt Minimizer is a brand new calculator that illustrates the affects of moving high interest debts (such as credit cards) over to a qualified plan. It allows for the increase value to be moved to the qualified plan, increase in income or for it to be shared between the two. Quick Gap Calculator The Pension calculator has been renamed to the Quick Gap calculator and a number of improvements have been made to clarify the interface and improve the reports. Specific improvements include: - The Spouse Configuration prompt has been replaced with a Illustration spouse needs check box for clarity. (Illustrations using defined benefit plans). - The prompts for selecting the Social Security calculation method have been clarified. - Reports now contain more informative descriptions as to their content. - The Savings Analysis report now includes comparison of all of the options viewable on the screen. - There are two new payout method for cash accounts: "Percent of Account" and "RMD Only" (Required Minimum Distribution). - For defined benefit pension plan option tables, if the beneficiaries age is out of the table range, TRAK will attempt a calculation of it (with a footnote on the report). - For "Known Income" accounts the client's age can now be used as an ending of the income stream. - Cash accounts now take RMD into consideration. - For defined benefit plans, the method for calculating the FAS is now selectable. Interest Calculator - The Interest Calculator Present Value interface has been improved, separating it into separate wording of Account Distributions and Loan Payments. While the calculation is the same, the wording is clarified.for the client. Start Up Wizard - A brand new start-up wizard will appear the first time TRAK is started that allows for configuring the initial settings of various parts of the software. Database - The Database program now allows printing of birthdays, phone and address lists. The lists are filtered and sorted similar to what is seen in the main grid of the Database program. Miscellaneous - Default values for new client data can be configured in Setup/System and navigating to Default Values on the left hand side. - Speed for backups has been improved. - Others not mentioned here.